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  "documentTitle": "Parthenon Profit Warnings Q4",
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      "text": "The FTSE Chemicals sector has experienced a sustained high level of profit warnings since 2023, reflecting the sector's vulnerability to economic volatility, high energy costs, and weak demand. These pressures have driven widespread margin erosion and restructuring, which we expect to continue into 2026.",
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      "text": "In 2024, the sector's recovery was supported by repair and maintenance demand, easing costs and rising infrastructure investment. However, in 2025 these gains were eroded by intensified cost pressures, regulatory change and weaker demand – all of which exposed persistent structural weaknesses.",
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      "text": "The FTSE Construction and Materials sector came under renewed pressure in 2025, issuing 18 profit warnings – the highest total since the pandemic and more than triple 2024's figure. The sector ranked third-highest for warnings, with 33% of companies issuing at least one, compared with 14% in 2024.",
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